University of Alabama Receives $15 Million for Business School

August 4, 2018

The University of Alabama has announced a gift of stock valued at $15 million from Lockheed Martin president and CEO Marillyn A. Hewson and her husband, James, in support of its Culverhouse College of Business.

The largest one-time gift to the university in its history follows a $5 million gift from the couple last year in support of the Marillyn Hewson Faculty Fellows Program in Data Analytics and Cyber Security, a high-tech data analytics and cyber security lab, and an endowed undergraduate scholarship and graduate assistantship. Hewson, who earned both a bachelor's and master's degree at the university, is also a member of the Culverson College of Business board of visitors and the UA president's cabinet.

"I am deeply thankful for the strong business education I received at the University of Alabama," said Hewson. "That education helped prepare me for many of the challenges and opportunities I've encountered throughout my career — from the day I joined the company as an industrial engineer to my current role as CEO."